Recent Retailer-Debtors Cite Supply Chain Crisis as Trigger for Bankruptcy Filings
By Jamila JUSTINE Willis, Partner & Katie Allison and Shelby Nace, Associates, DLA Piper LLP (US)
In the aftermath of the decadelong “retail apocalypse” and onslaught of retail bankruptcy filings, 2022 saw a significant drop in retail Chapter 11 bankruptcy filings. As of November 2022, only seven large retailers had filed for bankruptcy protection1—a steep drop from the 52 retail...
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Shelby Nace is an associate with DLA Piper LLP (US) in Dallas and focuses her practice in the area of financial restructuring. She has experience representing both debtors and creditors in Chapter 11 matters across a variety of industries, distressed sales and acquisitions, and out-of-court restructurings. Nace holds a law degree from the University of Michigan and a bachelor’s degree from Florida State University.
Katie Allison is an associate with DLA Piper LLP (US) in Chicago and advises on mergers and acquisitions, corporate governance, restructurings, and bankruptcies, both domestically and abroad. She has experience representing both buyers and sellers in healthy and distressed transactions (both in and out of bankruptcy). Allison holds a law degree from Northwestern University and a bachelor’s degree from Purdue University.
Jamila Justine Willis is a partner with DLA Piper LLP (US) in New York and serves as co-chair of the Consumer Goods and Retail sector, a member of the firm’s Policy Committee, and chair of the New York Restructuring Practice Group. She focuses her practice on financial and corporate restructuring and has extensive experience representing debtors in complex restructurings across industries and borders. Willis also represents debtors, distressed investors, sponsors, and purchasers in distressed sales and acquisitions. She holds a law degree from the University of Virginia Law School and a bachelor’s degree from the University of Pennsylvania.